A share price of Amplitude Inc [AMPL] is currently trading at $8.62, up 7.75%. An important factor to consider is whether the stock is rising or falling in short-term value. The AMPL shares have gain 11.51% over the last week, with a monthly amount glided 6.03%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Scotiabank downgraded its rating to Sector Perform on February 21, 2024, and kept the price target unchanged to $12. On February 01, 2024, downgrade downgraded it’s rating to Underweight but maintained its price target of $12 on the stock. William Blair downgraded its rating to a Mkt Perform. Piper Sandler downgraded its rating to a Neutral and reduced its price target to $9 on May 10, 2023. KeyBanc Capital Markets downgraded its rating to Sector Weight for this stock on May 10, 2023. In a note dated March 15, 2023, DA Davidson initiated an Neutral rating and provided a target price of $13 on this stock.
Amplitude Inc experienced fluctuations in its stock price throughout the past year between $7.37 and $14.42. Currently, Wall Street analysts expect the stock to reach $15.8 within the next 12 months. Amplitude Inc [NASDAQ: AMPL] shares were valued at $8.62 at the most recent close of the market. An investor can expect a potential return of 83.29% based on the average AMPL price forecast.
Analyzing the AMPL fundamentals
Trailing Twelve Months sales for Amplitude Inc [NASDAQ:AMPL] were 287.96M which represents 8.16% growth. Gross Profit Margin for this corporation currently stands at 0.74% with Operating Profit Margin at -0.33%, Pretax Profit Margin comes in at -0.28%, and Net Profit Margin reading is -0.28%. To continue investigating profitability, this company’s Return on Assets is posted at -0.18, Equity is -0.28 and Total Capital is -0.32. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.02.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 8.23 points at the first support level, and at 7.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.82, and for the 2nd resistance point, it is at 9.02.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Amplitude Inc [NASDAQ:AMPL] is 2.44. On the other hand, the Quick Ratio is 2.44, and the Cash Ratio is 1.83. Considering the valuation of this stock, the price to sales ratio is 3.65, the price to book ratio is 3.71.
Transactions by insiders
Recent insider trading involved Wong Catherine, Director, that happened on May 17 ’24 when 3515.0 shares were sold. Director, Wong Catherine completed a deal on Feb 23 ’24 to sell 3515.0 shares. Meanwhile, 10% Owner Battery Ventures Select Fund I sold 33333.0 shares on Jan 02 ’24.
